Writing a Will Can Help You Secure Your Family’s Future
People from all walks of life, and in all income brackets, can benefit from writing a will. A last will and testament is the most fundamental estate planning document that allows you to decide for yourself how your final affairs should be handled. Without a will, the courts will decide, based on statutes, how to wrap up your affairs — without a personal understanding of family dynamics. By establishing a will, you are creating a plan for the provision for your loved ones after your death. Having a will in place establishes your wishes for the distribution of your estate and guardianship of your children.
At The Law Office of Alan B. Frankle, in Rockville, we have written comprehensive and comprehensible wills for clients throughout Montgomery County and the greater Maryland D.C. suburbs for more than 30 years. We take the time to make sure you truly understand your will before you sign it.
Drafting the “All American Will”
We refer to our most common will as the “All American Will.” It meets the basic needs for a majority of our clients, including those with young families. It can include the following:
- Instructions for distributing property to your spouse and then to your children
- Appointment of a trustee to look after your money for your minor children and a determination of age when your children will be granted control of the money
- Appointment of guardianship for children if they are under 18
Wills for Stepparents
One variation on the basic will involves creating a stepparent will to protect the assets of each spouse for the benefit of the children from a previous marriage or relationship in the event of your death. Creating an appropriate estate plan in a blended family requires the thoughtful and practical guidance of a knowledgeable estate planning lawyer. Our attorney will educate you on your options to provide for stepchildren and any children of the new relationship.
Addition of Trusts
The “All American Will” may also include a trust for those that need tax planning services. We will advise you on the many types of trusts that may be beneficial to you; these may include:
- Marital trusts
- Credit shelter trusts
- Disclaimer trusts
- Charitable trusts for bequests and lifetime giving
Estate Planning for Same-Sex Couples
In recent years, there have been great advances in the law to provide same-sex partners with equal protection of the law. The recognition of same-sex marriage in Maryland also applies to estate planning in many ways for married couple. However, gaps remain, especially when it comes to the children of same-sex couples.
Unfortunately, there can be serious conflicts between the families of same-sex partners over children from previous relationships. Similarly, the estates and probate laws have not fully caught up to fully recognize parenthood for a same-sex spouse of a biological parent of a child born during the marriage. Estate planning can appoint guardianships and trustees for minor children in the event of a parent’s death.
We have helped same-sex partners navigate the nuances of the law in the area of estate planning since long before the U.S. Supreme Court advanced LGBT rights. We work with same-sex partners and married couples regularly to help our clients create a comprehensive estate plan to achieve their estate planning goals.
Meet With an Experienced Estate Planning Lawyer to Understand Your Options
To discuss your estate planning concerns with a lawyer who is committed to helping people protect their family, no matter the complexity of an estate, call 301-637-4769 or contact us online. We know how hard it is to think about the inevitable. To that end, we offer free initial consultations to allow you to feel comfortable in choosing your estate planning attorney. We will help you develop a will that meets your specific needs. We serve clients in Rockville, Silver Springs, Washington, D.C., and the greater Maryland suburbs.